Texas Real Estate Advocacy Defense Coalition’s Post

A big part of why electricity demand growth in Texas is the highest in the US is because it is the State with the most credible plan to build the necessary infrastructure. I expect we will see these positive (and for some markets, negative) feedback loops play out in many places in the coming years. I am proud that Nova Clean Energy is ready to contribute at Gigawatt scale to meeting this demand challenge. In recent years Texas has led the US in solar and batteries. Along the way wind power development dropped off as capital focused on shorter and simpler development cycles in solar and batteries. Now the market needs new wind power and nighttime and evening ramp power prices clearly illustrate this.

𝙏𝙚𝙭𝙖𝙨 𝙂𝙧𝙞𝙙 𝙑𝙪𝙡𝙣𝙚𝙧𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙃𝙞𝙜𝙝𝙡𝙞𝙜𝙝𝙩𝙚𝙙 𝙗𝙮 𝙀𝙍𝘾𝙊𝙏 𝘼𝙢𝙞𝙙 𝙍𝙚𝙣𝙚𝙬𝙖𝙗𝙡𝙚 𝙀𝙣𝙚𝙧𝙜𝙮 𝙄𝙣𝙩𝙚𝙜𝙧𝙖𝙩𝙞𝙤𝙣 𝘾𝙝𝙖𝙡𝙡𝙚𝙣𝙜𝙚𝙨 The Electric Reliability Council of Texas (ERCOT) warns of potential "immediate catastrophic grid failure" due to technical flaws in some wind, solar, and battery storage resources. Despite rapid growth and federal investment making renewables competitive with traditional energy sources, these inverter-based resources face challenges during voltage or frequency disturbances, possibly disconnecting from the grid. ERCOT’s ongoing discussions with clean energy developers have yet to resolve disagreements on implementing new ride-through standards and upgrades for existing resources. Concerns focus on the retroactive application of rules affecting investment and operational compliance. The rule revisions, aiming to ensure grid stability and continuity during disturbances, are under review and awaiting further decisions by Texas regulators. https://lnkd.in/gCTKXg9i

"Texas load growth forecasts are rising rapidly, and the interconnection queue for the Electric Reliability Council of Texas is brimming with solar and storage. In April, ERCOT had active generation interconnection requests totaling 346 GW, with solar representing 155 GW of the queue, followed by 141 GW of battery storage. Gas made up just 15 GW. But lawmakers last year developed the TEF to incentivize new or expanded dispatchable electric generation facilities. The program rules allow for loans to cover 60% of project costs for at least 100 MW that can connect to the ERCOT grid before June 1, 2029. ERCOT anticipates about 152 GW of new load by 2030." https://lnkd.in/egBU3dFS

This article discussion flies in the face of the market PJM has created. A market that only supports short term assets like wind and solar backed up by gas or batteries. In short it confirms the market flaws that have been claimed by utilities over many years, and should encourage support for creating market signals to create long lived assets like baseload generation plants.

In the April 2024 edition of the Ohio Energy Report, we discuss (1) the PUCO’s approval of AEP’s ESP V settlement, (2) new AEP and FE transmission rates, (3) decreases in default SSO rates, (4) Duke Energy’s new ESP filing, (5) our Residential Corner, and (6) an update on power and gas markets. https://lnkd.in/gKYeQM8e

A quick and insightful read to stay updated. This is a super important change. Read the full details here: https://lnkd.in/eCkJ3Mxe #ferc #energy #renewables #transmissionplanning #SEIA #solar #storage #progress

This is an excellent example of reliability and durability. "The Tennessee Valley Authority (TVA) said its power system remained reliable and resilient during the latest heat wave that saw temperatures as high as 100 degrees in some locations across TVA’s seven-state region. The heat drove power demand on the system to the highest levels this summer, 31,096 MW at 3 p.m. CT on Thursday, because more electricity was needed to cool homes and operate businesses, TVA said. In June, TVA experienced 13 total days with a daily peak over 28,000 MW, including a seven-day consecutive streak. Based on the last 10 years, it is only typical for TVA to experience an average of around three total days over 28,000 MW in June." Renewable Energy World https://lnkd.in/g86MevQh

Insightful summary by Arshad: Alberta experienced load shedding due to a natural gas generator tripping offline and over-forecasting wind generation. This highlights the need for better operational risk assessments and market mechanisms to ensure reliable, dispatchable generation and flexible load management year-round. Maintaining power reliability is crucial for the clean energy transition.

🔍 How does Texas maintain stable electricity prices when the wind isn't blowing? From diversified energy sources to innovative grid management, Texas is proving a stable energy future is possible. Read more about the state's energy landscape here: https://lnkd.in/eqJdMJcN